Businesses for Sale | Otsego, Minnesota
Discover business opportunities, in or around Otsego, with well-established brands, who are looking for people like you to help them grow.
As of the 2024 ACH Map Data, Otsego, located in The North Star State had a total population of 21,898 people.
City Statistics and Other Information About Otsego
Demographics
From a total population of 21,898, Otsego has a median age of 35. The average age of males, in Otsego, is 35 while the average age of females is 35. When you compare the median age of men and women in Otsego, there is an average difference of 0.13 years.
Income
The median income of individuals, in Otsego, is $55,226 while the average household income is $127,948. In 2029, the average income per capita for Otsego is expected to be $55,226.
Additional Information
Wright CountyIs Otsego the Best Location for Franchise Opportunities and Growth?
What is the average income in Otsego?
The median household income in Otsego is $127,948, providing insight into the financial conditions of local residents and their ability to support businesses.
Is Otsego an affordable place to start a franchise?
With a median income of $127,948, Otsego presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.
How does Otsego's income compare to other locations?
The median income of $127,948 in Otsego is above the national median income of $80,610, influencing local consumer spending habits and franchise potential.
Does Otsego have a stable workforce to support my business?
Absolutely! With 6,351 employed individuals, Otsego offers a solid labor force to support franchise growth.
Is Otsego a growing economy?
With a workforce of 6,351 and a median household income of $127,948, Otsego provides a stable economic environment for new business opportunities.
Does homeownership in Otsego indicate a stable market?
Homeownership rates at 6,855 show a strong local investment in the community, which benefits long-term franchise success.
